There is currently significant international interest and various ongoing initiatives related to assessing the socio-economic impacts of climate mitigation measures, in particular, of renewable energies. Only some of these co-benefits have been quantified, often based on different methods, making it difficult to synthesize findings on a country level. As a result, many opportunities for highlighting the benefits of climate change mitigation activities to policy makers and private investors have been lost.
This is where the COBENEFITS project steps in. The project analyses the social and economic opportunities presented by renewable electricity production and supply for our partner countries Vietnam, India, South Africa, and Turkey and connects identified opportunities to political deliberations on ambitious climate policy and action. In order to adequately enumerate the co-benefits of climate change mitigation with a focus on renewable energies in the partner countries, the studies are conducted by national research institutions to assess country specific co-benefits.
Why do we do it?
The results of the co-benefits studies will serve as inputs for policy makers on areas to focus on to drive the socio-economic benefits of scaling up renewable energy (wind, solar, and biomass) investments. This, in turn, will inform policy makers about the optimal share of renewable energy technologies when drafting the national NDCs. The outcomes of the assessment report (assessment methodology and results) will also serve as input for training measures for specific target groups.
Which co-benefits do we assess?
The studies assess a selection of the following country-specific co-benefits, depending on the priorities predefined by our councils in the individual countries (find out more about this process here).
- Future development of employment in the power sector, skills and education needed (employment opportunities)
- Economic prosperity in marginalized communities (rural development opportunities)
- Health benefits related to less carbon-intensive power sector (health-related opportunities)
- Energy access and energy security (cost saving and other opportunities)
- PV self-consumption in the commercial and residential sector, analysis and quantification of expenditure saved by residential and commercial customers due to self-consumption based on solar PV (battery) systems (cost -saving opportunities)
How do we do it?
Learn about our assessment method in our publication “Generating socio-economic values from renewable energies – An overview of questions and assessment methods” [PDF]